Occidental Petroleum (OXY) Research & Development (2009 - 2026)
Occidental Petroleum's Research & Development came in at $37 million for Q2 2026, down 55.4% from $83 million a year earlier and down 66.4% from the prior quarter.
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Analysis
Occidental Petroleum (OXY) Research & Development (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Occidental Petroleum reported Research & Development of $258 million, down 2.3% year-over-year; for FY2025, it was $249 million, down 9.5% from FY2024.
- Research & Development carries a five-year compound annual growth rate of 13.5% (FY2020 to FY2025).
- Going back by year, Research & Development was $275 million in FY2024 (-37.6%), $441 million in FY2023 (+104.2%), $216 million in FY2022 (-14.3%) and $252 million in FY2021 (+90.9%).
- The Q2 2026 figure represents the lowest quarterly Research & Development since Q2 2022.
- Year-over-year, Research & Development increased in two of the last eight quarters, with an average decline of 10.5%.
- The fastest year-over-year change in Research & Development over five years came in Q1 2023 (growth of 308.0%), and the weakest in Q2 2022 (a decline of 69.8%).
- Business Quant data shows OXY's Research & Development at $110 million (Q1 2026), $45 million (Q4 2025) and $66 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 731.60 Bn | 688.08 Bn | - | 155.00 Mn |
| 2 | Chevron | 436.79 Bn | 408.91 Bn | 33.45 Bn | 256.00 Mn |
| 3 | Shell | 307.49 Bn | 237.23 Bn | 30.13 Bn | 277.00 Mn |
| 4 | TotalEnergies SE | 196.02 Bn | 76.60 Bn | 61.77 Bn | 95.00 Mn |
| 5 | Conocophillips | 173.51 Bn | 146.22 Bn | 12.81 Bn | 75.00 Mn |
| 6 | Equinor Asa | 116.09 Bn | 30.54 Bn | - | -189.00 Mn |
| 7 | Phillips 66 | 114.40 Bn | 102.19 Bn | 8.38 Bn | - |
| 8 | Canadian Natural Resources | 111.46 Bn | 108.46 Bn | 8.84 Bn | - |
| 9 | Suncor Energy | 93.68 Bn | 79.43 Bn | - | - |
| 10 | Occidental Petroleum | 61.40 Bn | 49.31 Bn | - | 37.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 37.00 Mn |
| Mar 31, 2026 | 110.00 Mn |
| Dec 31, 2025 | 45.00 Mn |
| Sep 30, 2025 | 66.00 Mn |
| Jun 30, 2025 | 83.00 Mn |
| Mar 31, 2025 | 55.00 Mn |
| Dec 31, 2024 | 69.00 Mn |
| Sep 30, 2024 | 57.00 Mn |
| Jun 30, 2024 | 83.00 Mn |
| Mar 31, 2024 | 66.00 Mn |
| Dec 31, 2023 | 112.00 Mn |
| Sep 30, 2023 | 125.00 Mn |
| Jun 30, 2023 | 102.00 Mn |
| Mar 31, 2023 | 102.00 Mn |
| Dec 31, 2022 | 118.00 Mn |
| Sep 30, 2022 | 47.00 Mn |
| Jun 30, 2022 | 26.00 Mn |
| Mar 31, 2022 | 25.00 Mn |
| Dec 31, 2021 | 107.00 Mn |
| Sep 30, 2021 | 31.00 Mn |
API Access
Occidental Petroleum Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=OXY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "OXY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=OXY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();